Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC lifted its stake in Lockheed Martin Co. (NYSE:LMT) by 1.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,092 shares of the aerospace company’s stock after purchasing an additional 168 shares during the quarter. Lockheed Martin comprises about 1.5% of Pathway Financial Advisers LLC’s holdings, making the stock its 15th largest holding. Pathway Financial Advisers LLC’s holdings in Lockheed Martin were worth $4,180,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Sachetta LLC boosted its position in shares of Lockheed Martin by 50.0% during the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 20 shares during the last quarter. Wiser Advisor Group LLC grew its stake in shares of Lockheed Martin by 65.8% in the 1st quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock valued at $29,000 after buying an additional 25 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Lockheed Martin during the 1st quarter worth approximately $30,000. Stephens Consulting LLC raised its position in shares of Lockheed Martin by 48.9% during the 2nd quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company’s stock valued at $31,000 after buying an additional 22 shares during the period. Finally, Ridgewood Investments LLC acquired a new position in Lockheed Martin in the second quarter valued at approximately $35,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 0.4 %

Shares of NYSE LMT opened at $584.44 on Tuesday. The stock has a market cap of $140.23 billion, a P/E ratio of 21.38, a PEG ratio of 4.66 and a beta of 0.47. The business’s fifty day simple moving average is $558.55 and its 200-day simple moving average is $495.31. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $584.95. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.45 by $0.66. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The business had revenue of $18.12 billion during the quarter, compared to analysts’ expectations of $17.05 billion. During the same quarter last year, the business posted $6.73 EPS. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts predict that Lockheed Martin Co. will post 26.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on LMT shares. Susquehanna raised their target price on Lockheed Martin from $540.00 to $565.00 and gave the stock a “positive” rating in a research note on Wednesday, July 24th. Royal Bank of Canada upgraded shares of Lockheed Martin from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $500.00 to $600.00 in a report on Monday, August 5th. JPMorgan Chase & Co. upped their target price on shares of Lockheed Martin from $518.00 to $560.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. TD Cowen upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and lifted their price target for the company from $480.00 to $560.00 in a research report on Wednesday, July 24th. Finally, UBS Group upped their price objective on shares of Lockheed Martin from $511.00 to $538.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Lockheed Martin presently has an average rating of “Moderate Buy” and a consensus price target of $553.43.

Insider Activity

In related news, insider Timothy S. Cahill sold 3,975 shares of the business’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the completion of the transaction, the insider now owns 8,877 shares in the company, valued at $4,574,850.72. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.17% of the company’s stock.

Lockheed Martin Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.